The market of electric carsin Italy, is struggling to take off: comparing the numbers with those of other European nations, it is clear to see that the energy transition is still behind in our country compared to the continental average.
The factors of a market that is not yet able to conquer Italians are many: in this regard, carVertical conducted a study on the factors that influence the slowness of sales of electric cars in Italy. The study shows that the obstacles are different: come on prices high levels of zero-emission models to the lack of incentives, through to practical problems.
Why electric cars struggle in Italy
One of the main obstacles to the growth of the electric car market in Italy is represented by the incentives state governments which risk being a double-edged sword: while on the one hand higher incentives may seem like a solution, on the other they may not be the most effective way to increase sales.
As highlighted by carVertical, an annual budget of 930 million euros for state incentives could only be used for fewer than 67,363 electric cars, equivalent to just 4.3% of Italy’s new car market share. According to Matas Buzelis, head of communications at carVertical, lowering the maximum amount of state incentives could work better in terms of increasing the uptake of new electric vehicles.
Another aspect to consider when talking about electric cars concerns charging stations: from this point of view too, despite the efforts made by the institutions in recent times, Italy still appears to be behind other European countries. The problem, in this case, is of a practical nature: the lack of a widespread network dedicated to electric charging discourages many potential customers who would be willing to switch to zero-emission cars.
Infrastructure and prices: the reasons for the flop
If large cities have one infrastructure of adequate recharging, the same cannot be said of the rest of the territory. As highlighted by Buzelis, this type of problem is very evident especially in residential neighborhoods:
“Finding a free parking space is often a difficult task, let alone a charging point for the car during the night – explained the carVertical communications manager – so the only case in which an electric vehicle makes sense is if the buyer has land, a garage or a private parking space with a charging point to charge the car overnight, or if he can do so in the office car park”.
carVertical’s analysis of the reasons that discourage many Italians from choosing an electric car also addresses the issue linked to the used market. A zero-emission model, a few years after its registration, loses more value than a similar car equipped with a diesel, petrol or gas engine.
According to the leading company in data collection for the automotive sector, an electric car in Italy, over the course of five years, loses on average approximately 46.1% of its purchase value: one gas, however, depreciates by half, 23.6% to be exact. The differences remain even if the time period is extended: the residual value of a ten-year electric vehicle is 33.8%, while for a petrol car it is 49.4%.
2024-01-21 09:28:00
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